David Brooks, who raced under the name Perfect World Enterprises, has reportedly had his bail revoked and remanded back to prison after federal officials alleged he had concealed millions of dollars in assets
overseas. David Brooks is scheduled to go to trial later this month on charges that he looted his body-armor company in 2007.
Brooks had been allowed to live in his condo in Manhattan as he awaited trial, but a condition was that he and his family, including his brother Jeffrey, would account for their assets and keep them in monitored accounts in the U.S. One of the alleged schemes was uncovered by police in London who were conducting a separate money-laundering investigation. An undercover video showed Jeffrey Brooks removing duffel bags from a safe-deposit box at a London bank. The next day, a person allegedly working for the Brooks brothers rented another safe-deposit box, and when police opened the box it contained more than $3.6 million in pounds, euros and U.S. currency in envelopes marked "Jeffrey Brooks Securities."
In a story reported by newsday.com, an affidavit filed Friday, Jan. 15, alleged Brooks did not report assets in a scheme he named "Czerny Kot," which is Polish for black cat. The affidavit stated Brooks had set up shell companies overseas that hid at least $25 million, used to funnel money through a bank in San Marino.
Jeffrey Brooks is involved with multiple stables, including Bulletproof Enterprises.
An attorney for Brooks declined to comment to newsday.com on any of the matters.
(with files from Newsday and harnessracing.com)